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Wednesday, October 07, 2015

Fair's fair.

From 2009 to 2014, the combined net income of J.P. Morgan,
Citigroup, Bank of America, Goldman Sachs and Morgan Stanley annually averaged
$41.73 million, up from annual average of $25.08 billion from 2002 to 2008,
they said.

Helping boost profits were trading revenues that they and
other dealers have seen returning to the levels before the financial crisis
seven years ago.

Their annual income was also more stable than pre-crisis
levels, they added.

Before you start griping about bailouts, Joe and Jolene
Taxpayer, remember: it's not like you haven't seen your net income shoot up by
roughly sixty percent in the last six years, right? So there you go.